Apple's iPhone5 is reportedly part of the T-Mobile 'Uncarrier' event today, March 26, 2013.
The event is a roll out for T-Mobile of a new way of doing business, the company will offer no contracts plans to all of their customers and will also announce their plan for finally carrying the iPhone 5.
Apple's latest smartphone is already carried by AT&T, Verizon and Sprint, so T-Mobile is very late to the party, but the will now be the first US carrier to have the phone available with no contract necessary to activate service.
However, it is expensive.
The standard or 'least expensive' iPhone 5 configuration from other carriers, for instance, sells for $199 with the subsidy and a two-year contract, but it costs consumers $650 if bought without carrier support and a subsidy.
However, T-Mobile will try to help customers with sticker shock and allow you to pay off the phone in payments with a down payment.
The iPhone 5 will be available in April, according to CNET.
The report reveals:
"The iPhone 5, with its LTE capabilities, will be a showcase product for T-Mobile's 4G LTE network, which is expected to officially launch (today). Other devices such as the BlackBerry Z10, which launches tomorrow, and the recently LTE-upgraded Galaxy Note 2, will also figure prominently in its LTE push."
CNET has a lot of speculation about the plans and today's announcement here under the headline "T-Mobile's new contractless data plan explained (FAQ).
Update – a statement has been released from T-Mobile on pricing.
The iPhone 5 will sell for $99.99 down, plus $20 a month for 24 months. T-Mobile will also carry the iPhone 4S for $69.99 down and $20 monthly for two years. The iPhone 4 will go for $14.99 down and $15 a month.
"This is an important day for people who love their iPhone but can't stand the pain other carriers put them through to own one," said John Legere, president and CEO of T-Mobile USA, in the statement.
The carrier also confirmed it will start carrying the iPhone 5 under its new no-contract plans starting April 12.
Are you an existing T-Mobile customer and waiting for the iPhone?